DELTA AIR LINES INC /DE/ | 2013 | FY | 3

QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table summarizes our unaudited results of operations on a quarterly basis. The quarterly earnings (loss) per share amounts for a year will not add to the earnings per share for that year due to the weighting of shares used in calculating per share data.
 
Three Months Ended
(in millions, except per share data)
March 31
June 30
September 30
December 31
2013
 
 
 
 
Operating revenue
$
8,500

$
9,707

$
10,490

$
9,076

Operating income
222

914

1,563

701

Net income
7

685

1,369

8,479

Basic earnings per share
$
0.01

$
0.81

$
1.61

$
10.02

Diluted earnings per share
$
0.01

$
0.80

$
1.59

$
9.89

2012
 
 
 
 
Operating revenue
$
8,413

$
9,732

$
9,923

$
8,602

Operating income
382

134

1,308

352

Net income (loss)
124

(168
)
1,047

7

Basic earnings (loss) per share
$
0.15

$
(0.20
)
$
1.24

$
0.01

Diluted earnings (loss) per share
$
0.15

$
(0.20
)
$
1.23

$
0.01



The following are included in the results above:
 
Three Months Ended
(in millions)
March 31
June 30
September 30
December 31
2013
 
 
 
 
Facilities, fleet and other
$
(102
)
$
(34
)
$
(128
)
$
(160
)
MTM adjustments
24

(125
)
285

92

Release of tax valuation allowance
—

—

—

7,989

Total income (loss)
$
(78
)
$
(159
)
$
157

$
7,921

 
 
 
 
 
2012


 




Severance and related cost
$
—

$
(171
)
$
(66
)
$
—

Facilities, fleet and other
(27
)
(22
)
(122
)
(122
)
Gain on slot exchange
39

—

39

—

Loss on extinguishment of debt
—

—

(12
)
(106
)
MTM adjustments
151

(561
)
440

(3
)
Total income (loss)
$
163

$
(754
)
$
279

$
(231
)

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